The housing market has been a rollercoaster ride in recent years, with potential buyers and sellers facing challenges ranging from skyrocketing home prices to limited inventory. As we transition into the fall season, many are wondering if this time of year will offer some relief to a market that has tested the patience of buyers […]
A household now needs to earn $107,700 annually to afford a new single-family home, including property taxes and insurance, according to a recent Oxford Economics report. This marks a sharp increase from 2019, when the required income was just $56,800. The report paints a stark picture of the growing affordability crisis, showing that only 36% […]
If Scott Turner is confirmed as the new Secretary of the Department of Housing and Urban Development (HUD), he will inherit leadership over the nation’s largest housing agency during a time of escalating concerns over home affordability. Housing affordability remains a critical issue as rental and homeownership costs surge, and Turner, should he take office, […]
In 2019, Duewight Garcia overstayed his tourist visa to the United States, citing safety concerns due to his student activism and gang violence in Honduras. Like many undocumented immigrants, Garcia, now in his mid-30s, has found work in the construction industry, specifically in sheetrock and framing in the New York City area. “We do the […]
As we head into 2025, the real estate industry is facing significant challenges, with global elections, rising financing costs, and the looming pressure of debt maturities topping the list of concerns, according to the Counselors of Real Estate’s (CRE) annual “Top Ten Issues” report. The industry is grappling with unprecedented uncertainty, most notably due to […]
Real estate is a vast and dynamic industry that offers a myriad of opportunities for investors, homeowners, and professionals alike. Whether you are considering buying your first home, venturing into property investment, or simply looking to expand your understanding of this complex field, delving deeper into real estate can be incredibly rewarding. From market trends […]
The real estate market, an ever-changing terrain influenced by economic shifts and societal preferences, holds a plethora of opportunities and challenges for buyers and sellers alike as we step into the landscape of 2024. In this pivotal year, understanding the prevailing trends becomes paramount, empowering individuals to make informed decisions that align with the dynamic […]
As we look ahead to 2025, the real estate market is expected to continue evolving, influenced by economic shifts, changing consumer preferences, and advances in technology. For investors, identifying the most promising markets for real estate opportunities is key to maximizing returns. With the rising demand for both residential and commercial properties, certain areas across […]
A new survey commissioned by Realtor.com® reveals a noticeable shift in housing market sentiment following Donald Trump’s presidential election win, with Republicans becoming more optimistic about the market, while Democrats show a decline in confidence. According to the survey, approximately 20% of Republicans now feel more inclined to purchase a home due to the election […]
According to the latest National Association of Home Builders/Wells Fargo Cost of Housing Index (CHI), a family earning the national median income of $97,800 now needs to allocate at least 38% of that income for mortgage payments on a median-priced new home in the third quarter of this year. The situation is even more dire […]
